Experienced trader and analyst Peter Brandt gave 2 different price targets that will make Ethereum (ETH) investors nervous.
Recently Ethereum It will disappear within 10 years stated Peter Brandt, 18 December dated in the post He went above Ethereum again. A on the Ethereum chart rising wedge formation The analyst stated that the price was formed before for $1,000 next for $650 much will fall he suggested.
Last Friday in Ethereum opened a short position Brandt stated, stop He emphasized that he also entered his orders. However, the experienced name stated that a certain formation would not be sufficient for price prediction and invited investors to be cautious about the transactions they would take:
Classic chart patterns on price charts are not sacred and immutable. There is no rule that they will always be right. However, if the rising wedge in Ethereum fits the scenario, the target is $1,000, followed by $650.
I shorted some Ethereum on Friday. I also put it on stop.
The rising wedge formation used by Brandt is generally believed to occur when the asset price in question first shows a rising trend and then reaches the breaking point.It means you will get cold.
Analyst recently Bitcoin (BTC) and said that Ethereum cannot be compared.